Europe PV News Snippets

Quercus Picks BayWa For Over 700 MW PV In Spain & More From Clearvise & SUSI Partners

Europe PV News Snippets

BayWa has reported being signed on by Quercus as the winning bidder to acquire the latter’s 700 MW+ solar development portfolio in Spain, and also entering a PPA with Holaluz for a 20 MW PV facility. (Photo Credit: BayWa r.e.)

  • BayWa has won a competitive round to acquire more than 700 MW solar power portfolio in Spain from Quercus
  • BayWa has also secured Holaluz as the offtaker of power from its 20 MW solar facility in Spain
  • Germany’s clearvise has raised €11.48 million to be invested in the acquisition of solar and wind energy projects, including a 90 MW portfolio
  • SUSI Partners will support Prosolia Energy’s solar PV self-consumption projects in selected European countries

BayWa will acquire over 700 MW solar portfolio in Spain from Quercus, and has also secured a PPA with Holaluz for 20 MW subsidy free project in the country; clearvise has raised €11.48 million to invest in solar and wind energy projects; SUSI Partners will back Prosolia Energy’s self-consumption projects.

BayWa to get 700 MW Spanish PV portfolio: Germany’s BayWa r.e. has emerged the qualified bidder to acquire over 700 MW Spanish PV development portfolio sponsored by renewable energy investor Quercus. It is one of the largest PV portfolios available in the Spanish market, said the duo. It comprises 11 PV development projects in Spain. BayWa will acquire the projects when Quercus delivers them at a ready-to-build (RTB) stage.

PPA for 20 MW subsidy free solar in Spain: In another news about BayWa in Spain, the company has entered a 10-year power purchase agreement (PPA) with Spanish green energy company Holaluz for the company’s 7th subsidy-free solar project in Spain. It will be developed near Poblete in Castile-La Mancha with single-axis trackers. Completion is scheduled for summer 2022. BayWa expects the project to generate around 37.5 GWh of solar energy annually for 9,500 Holaluz customers. Additionally, the duo also entered a framework agreement to develop reliable and high-quality energy solutions such as self-consumption models, e-mobility solutions, or financial concepts including leasing solutions or PPAs for commercial & industrial (C&I). BayWa plans to bring its 1.4 GW renewable energy pipeline in Spain online by 2027.

€11.48 million for clearvise: German renewable energy IPP clearvise AG has raised €11.48 million from capital increase by placing new shares with institutional investors as part of a private placement. It plans to invest proceeds to further implement its growth strategy to finance the acquisition of 90 MW solar and wind energy capacity. Proceeds will also enable the company to acquire more solar and wind parks to expand its portfolio.

SUSI Partners to back self-consumption projects: Spanish IPP Prosolia Energy has signed a multi-country framework agreement with Switzerland based infrastructure fund manager SUSI Partners to get financing for its solar PV self-consumption projects. As per the agreement signed through its Energy Efficiency Fund II, SUSI Partners said the scope of the partnership is expanded from 30 projects representing 40 MW capacity in Iberia, to cover Prosolia’s growing project pipeline in selected European countries.

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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